Tippecanoe Bank (Logansport, IN)

Episode Information

Episode UID
2012075390685
Episode Type
Run → Suspension → Closure
Bank Type
state
Bank ID
201207539 hash
Start Date
January 23, 1857
Location
Logansport, Indiana (40.754, -86.357)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
86fa91e2fe2dd524

Response Measures

None

Description

Coverage shows brokers throwing out its notes, later listed as suspended/discredited and an Auditor statement that its securities were exhausted.

Events (4)
1. January 23, 1857 Run
Cause
Local Banks
Cause Details
Panic triggered by failures of other Indiana banks (Gramercy, Shawnee) led brokers to throw out Tippecanoe Bank's notes and heavy withdrawals.
Newspaper Excerpt
The notes of the following Indiana Banks were thrown out on Saturday: ... Tippecanoe Bank at Logansport
Source
newspapers
2. September 28, 1857 Run
Cause
Local Banks
Cause Details
Continued market distrust and wider banking panic in September caused brokers to refuse the bank's bills.
Newspaper Excerpt
The bills of the Tippecanoe Bank, located at Logansport, are thrown out by the brokers here.
Source
newspapers
3. October 9, 1857 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Bank became discredited and suspended amid discovered over-issue / insufficient securities to redeem circulation.
Newspaper Excerpt
Tippecanoe Bank, Logansport, Ind. listed among SUSPENDED and DISCREDITED Banks.
Source
newspapers
4. February 4, 1858 Other
Newspaper Excerpt
The bottom has fallen out of this concern...Their securities in the Auditor's office have all been sold...more of a circulation out than there are securities to redeem it. (Tippecanoe Bank referenced as exceptional in Auditor's statement).
Source
newspapers

Newspaper Articles (8)
1. January 23, 1857 Indiana American Brookville, Indianapolis, IN
Article from Indiana American, January 23, 1857

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Article Text

Another Bank Panic! The failure of the Gramercy Bank, Lafayette, and the Shawnee Bank, Attica, under circumstances that reveal fraud, on the part of their owners, if not also corruption on the part of the Auditor of State, has caused another panic in regard to the Free Banks of Indiana and Illinois. No wonder. If these, which sustained the shock of two years ago, go down, what confidence can the public put in any of them? Alluding to the panic in Cincinnati, the Gazette of Monday says: "The notes of the following Indiana Banks were thrown out on Saturday :Central and Farmers' & Mechanics' Bank of Indianapolis; Tippecanoe Bank at Logansport; and Brookville Bank at Brookville. The latter Bank, however, was by some considered good, and some of the houses continued to receive the paper at par. It is owned and managed, we are informed, by good and responsible men.Of the Illinois Banks, the notes of the following were thrown:-State Stock Security Bank at Danville; People's Bank at Carmi; Prairie State Bank at Washington; Rushville Bank at Rushville; Agricultural Bank at Marion; Central Bank at Peoria. The Bank of the Capitol at Indianapolis, the Exchange Bank at Greencastle, Ind., and the Farmers's & Traders' Bank at Charleston, III., are received with distrust. What this excitement will lead to, it is difficult to say." We wish it would lead to an abandonment of the new-fangled patent-Democracy system of banking without capital. If the present Legislature does not do something to protect the people from the flood of spotted paper, called money, we wish they would go into "joint convention" in the penitentiary for two years, and let the people elect Legislators who would do some good.

2. January 29, 1857 Fayetteville Observer Fayetteville, TN
Article from Fayetteville Observer, January 29, 1857

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The Indiana and Illinois Free Banks The Cincinnati Gazette says: The failure of the Gramercy and Shawnee Banks of Indiana, have caused a great deal of confusion among our money dealers with reference to the Free Banks of Indiana, Illinois, and Wisconsin, all of which, just now, are looked upon with suspicion. The notes of the following Indiana Banks were thrown out to-day: Central and Farmers & Mechanics' Banks of Indianapolis; Tippecanoe Bank, Loganport; and Brookville Bank, Brookville. The latter bank, however, was by some considered good, and some of the houses continued to receive its notes at par. It is owned and managed, we are informed, by good and responsible men. Of the Illinois Banks, the notes of the following were thrown out: State Stock security Bank at Danville; People's Bank at Carmi; Prairie State Bank at Washington: Rushville Bank at Rushville; Agricultural Bank at Marion; Central Bank at Peoria. The Bank of the Capitol at Indianapolis, the Exchange Bank at Greencastle, Ind., and the Farmers' and Traders' Bank at Charleston, Ili., are received with distrust. What this excitement will lead to it is difficult to say. All the Free Banks will sustain a heavy run, but those that intend to comply with the new law and continue business will probably be able to sustain their credit. The chief cause of all this trouble lies in the fact that the owners of the Gramercy and Shawnee Banks withdrew their bonds from the Auditor of State prior to their failure leaving nothing in the hands of the State officer to redeem their circulation.

3. October 1, 1857 Delaware Weekly Republican Wilmington, DE
Article from Delaware Weekly Republican, October 1, 1857

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which are watched in the night time. The gates are so narrow that only one vehicle can pass through at once. " Destroying Angels" go out in the plains in the Spring, in order to intercept those who may escape from the city. Many left on foot last January. They sleep by day and travel by night. I know of men and women who have travelled this way-the men I dressed as women, and the women as men. came across some who were very short of food the little they had they gave to the women, and the men were principally sustained by the women's milk! $ I left Salt Lake city on the 17th of April, in company with two Welchman and an African. The few Mormons who knew of our intentions said that we would never reach the States alive, but 1 told them that I was determined to try, whatever would occur. Saturday (the day after we left,) we had travelled thirty miles from the city, when we saw three men following us. They were sent by the authorities of the city to catch us. The name of one was Patrick Linch, an Irishman by birth, and Secretary to Brigham Young. This man fired his revolver at me. They then came near us on their horses and inquired our names, and we refused to tell them, they swore that they would blow " our damned brains out." With that, one of them raised his revolver as if he was going to use it-he had one each side of his saddle. 1 then took revolver and told him to fire if he liked. Thad six revolvers with me, and a ritle containing in all thirty-seven balls. Another ball was then fired at me, which whistled by my left check. I then fired at him, and one ball hit him on the leg and another on the shoulder. (My friends by this time had run into the woods, and I was left to fight it out myself.) I then lost my ing, and ORE of the men ran at me with a knite and cut my belt and took four of my revolvers. I had the other two hid in my boots. I got hold of one of them and fired, and succeeded in keeping them off for some time, till I had a chance to run to the woods, where 1 got the assistance of my friends. We continued to travel that day and the following night, and succeeded in reaching a place called Fort Briger, which is 118 miles from the valley. The number of our pursuers had now increased to twenty, and we had to put to the woods again. We travelled till night and were SO fortunate asto meet a host of friendly Indians, who gave us buffalo meat to eat. The next day we overtook a number of wagons, known as Mrs. Babbit's train, in number twenty-eight. I was hired to drive one wagon which was drawn by six mules, We had some trouble with a lot of Indians called the " Cow Tribe." They were all armed and about a thousand strong. About six hundred shots came into our tents. We killed about thirty Indians, and they killed five of our men. We arrived here on the 13th of June with merry hearts, and we were received with good welcome by the people of Florence. I went to see my father's grave. I thank God that it is where it is. I left mother with Jane, Louisa, Mary and John in good health. So was Mr. Thomas too. 1-is a thorough Mormon, and I am sorry to say that he did his best to kill me-thinking that better than to let me escape to spread his character abroad-none of them would believe that I could reach this place alive. I am very desirous for my mother and children to leave Salt Lake and join me here. If they could do that 1 would buy some land I here, which I could have at $1.25 per acre. left $500 worth with my mother till she could see a chance to escape. My work here is looking after a brickyard. I get $30 a besides my board. From your loving br JoHN DAY SUSPENSION AT DUBUQUE Buffalo, The suspension of Heron thers, bankers, at Dubuque, is announced, with liabilities for $100,000. Their assets, however, are said to be double that sum. THE TIPPECANOE BANK Indianapo 29.-The bills of the Tippecanoe Bank, located at Logansport, are thrown out by the brokers here. St. Louis, Sept. 28.-P. M.-The bankers, upon whom runs were made this morning, freely and promptly met all their checks. Confidence has been restored, and the excitement almost entirely subsided. The immediate cause of the suspension of Messrs. Bogg, Miltenberger & Co., was the non-arrival of coin in transit. It is probable they will re-open to-morrow. The assets of Anderson & Co., and Daily & Barksdale largely exceed their liabilities.The presumption is they will resume business in a very short time. THE BANKS OF GEORGETOWN, D. C.-Washington, Sept. 29.- The Bank of Georgetown, which continued to redeem its issue in specie, has come into the arrangement of the other banks of the District, and suspended specie payments altogether. The Farmer's and Me. chaqies' Bank, and the Bank of Commerce, or Georgetown have also suspended. None of the banking houses have the demands against them, except the suspended house of Pairo & Nourse. THE VIRGINIA Banks.-Norfolk, Sept, 29.-All the banks of this city continue firm. Rachmond, Va., Sept. 29.-There Is but a moderate demand made on our banks. So far, the Directors express confidence of their ability to meetany demand which may be brought. THE FARMERS' BANK OF ELIZABETH City, N. C.-Norfolk, Va., Sept. 29.-The Farmers' Bank of this place, has suspended. Our brokers are taking its notes at 50 per cent. discount. AFFAIRS AT NEW ORLEANS.-New Orledus Sept. 29.-The money market is very tight, but there are no fears expressed as to the Banks. MORE BANKS THROWN Our.-New York, September 26.-An extra from the office of 0 Nicholas Bank Note Reporter, issued, this atC ternoon, announces that the notes of the following banks were thrown out by the brokers to day ; Dairyman's Bank, Newport, N. Y. Hopkin.ton Bank, Westerly, R. Union Bank Frenchitown, N.J. fi n FAILURES AT THE EAST.--Boston, Sept 27 2 Messrs. Tirrell & Hersey, of South Weymouth have suspended payment. The house has a r brav ch in New Orleans. T here were rumors last evening of two or thr ae large failures in the city, but they lack nfirmation. r P HEAVY MERCANTILE SUSPENSION IN NEW YORK.-NEW YORK, SEPT 27.-The failure ranspired last evening of Messrs. Garner & si

4. October 9, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 9, 1857

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Article Text

DISCREDITED BANKS. The following is a corrected list, to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R I. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Believille, de do Nashville, Tennessee. do Springfield, Ohio. do Tecumsch, Michigan. do Orleans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Hallowell, Me. do America, Tenn. do West Ternessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R. I. do North America, Connecticut. do Kanawha. V Tirginia. do Eigin, III., S. S., small circulation. do the Capitol, Indianapolis, Ind., S. S. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Eigin, do do Pike County, III. Central Bank, Indianapolis, Ind., S.S. Chemting County Bank, Horse Heads, N.Y., S. S. Clinton bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, Ill. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Dan Bank, Vt. Dayton Bank. Ohio. Dairy Bank, Newport, N.Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa Exchange Bank. Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants Bank, Md. Fairfield County Bank, Nor. alk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesitate Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., S. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N.Y. Island City Bank, N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massa husetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercar tile Bank, Hartford, Conn. N.Y. Security Bank, N.Y. Nebraska m ney has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, S.S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. S. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N. V. city. reported failed, S. S. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank. N. Y.,s.s Recipr city Bank, Buffalo, N. Y., new bank, S. S. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. 8." means securet by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

5. October 10, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 10, 1857

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DISCREDITED BANKS. The following is a corrected list, to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R 1. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, lierkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Belleville, do doNashville, Tennessee. do Springfield, Ohio. do Treumseh, Michigan. do Orleans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R. 1. do Hallowell, Me. do America, Tenn. do West Tennessee, Tenn. do Paris, Tenn. do Corning N.Y. do the South County, R. I. do North America, Connecticut. do Kanawha. Virginia. do Elgin, Ill., S. S., small circulation. do the Capitol, Indianapolis, Ind., s. S. do Middleton, Penn. do Watertown, N.Y. do Chester, Iil. do Elgin, do do Pike County, III. Central Bank, Indianapolis, Ind., S.S. Chemung County Bank, Horse Heads, N.Y.,s. S. Clinton Bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. C. Citizens' Bank, Tenn. Corn Exchange Bank, III. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Danby Bank, Vt. Dayton Bank, Ohio. Dairyman's Bank, Newport, N. Y. Ellsworth Bank. Maine. Exeter Bank. N. 11. Exchange Bank. Pittsburgh, Pa. Exchange Bank. Hartford, Conn. Farnters' Bank of Saratoga Co., N. Y., S.S. Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants' Bank, Md. Fairfield County Bank, Nor lalk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesdale Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., s. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly, R I. Hamilton Exchange Bank, Hamilton, N.Y. Island City Bank. N. Y. city. Jefferson County Bank. N.Y. Lee Bank, Massa husetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercantile Bank. Hartford, Conn. N. Y. Security Bank, N.Y. Nebraska money has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N.Y., reported failed, s.s. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co, Bank, N. Y.-reported failed, S. S. Ocoee Bank, Tenn, Ontario County Bank, Phelps, N.Y. People's Bank, N. Y. city, reported failed, S.S. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank, N, Y.,s.s Reciprocity Bank, Buffalo, N. Y., new bank, 8. s. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, Vt. Seneca County Bank, Ohio, Southern Bank, Georgia, Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R.I. Wooster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. S." means secured by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

6. October 16, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 16, 1857

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DISCREDITED BANKS. The following is a corrected list. to date, of recen SUSPENDED and DISCREDITED Banks: The Marine Bank, New York City. The Pacific do do do do do The Irving do The Merchants' Exchange, do do The North River b'k, do do do N. Y. Exchange, do do Citizens' b'k, do Ocean do do do Chatham do do do Bull's Head b'k do do Tradesman's do do do Artizan's do do do Butchers & Drover'sb'k do do do Bank of New York, do Market Bank, do do St. Nicholas Bank, do Arcade Bank, Providence, R I. America Bank, Trenton, N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N. Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Belleville, do do Nashville, Tennessee. do Springfield, Ohio. do Tecumsch, Michigan. do Orleans, N. Y. do New Jersey, New Brunswick, N.J. do Kent, R.I. do Hallowell, Me. do America, Tenn. do West Tennessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R. 1. do North America, Connecticut. do Kanawha. Virginia. do Elgin, III., S. S., small circulation. do the Capitol, Indianapolis, Ind., s. s. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Elgin, do do Pike County, III. Central Bank, Indianapolis, Ind., S. 3. Chemung County Bank, Horse Heads, N.Y.,a. s. Clinton Bank, Columbus, Ohio. City Bank, N.J. Cumberland Savings Institute, Md. Commercial Bank, Columbia. S.C. Citizens' Bank, Tenn. Corn Exchange Bank, III. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Danby Bank, Vt. Dayton Bank, Ohio. Dairyman's Bank, Newport, N. Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa. Exchange Bank, Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s. Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants' Bank, Md. Fairfield County Bank, Norwalk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesdale Bank, Pennsylvania. Hollister Bar k, Buffalo, N. Y., s. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly, R. I. Hamilton Exchange Bank, Hamilton, N. Y. Island City Bank. N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massachusetts. Mechanics' Banking Association, N. Y., S.S. Mount Vernon Bank, Providence, R. 1. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N.Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercantile Bank, Hartford, Conn. N.Y. Security Bank, N. Y. Nebraska money has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y-, reported failed, s. S. Ontario Bank, Utica, N. Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. s. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N.Y. city. reported failed, S. S. Paweatuck Bank, Pawcatuck, Ct. Port Plain Bank. N. Y., S.S. Reciprocity Bank, Buffalo, N. Y. new tank, 8. S. Rhode Island Central Bank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N. Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N.Y. Warwick Bank, R. I. Wooster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE. S." means secured by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to a large discount on them.

7. October 30, 1857 The Evansville Daily Journal Evansville, IN
Article from The Evansville Daily Journal, October 30, 1857

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DISCREDITED BANKS. The following is a corrected list. to date, of recen SUSPENDED and DISCREDITED Banks: The Marine Bank, New York City. do do The Pacific do do do The Irving do The Merchants' Exchange, do do The North River b'k, do do do N. Y. Exchange, do do Citizens' bk, do do Ocean do do do Chatham do do do Bull's Hea b'k do do Tradesman's do do do Artizan's do do Butchers & Drover'sb'k do de do Bank of New York, do do Market Bank, do do St. Nicholas Bank, Arcade Bank, Providence, R 1. America Bank, Trenton. N.J., Agricultural Bank, Tenn. Agricultural Bank, Herkimer, N.Y. Bergen County Bank N.J. Bank of Canandaigua, N. Y. do Naperville, III. do Belleville, do do Nashville, Tennessee. do Springfield, Ohio. do Tecumseh, Michigan. do Orleans, N. Y. do New Jersey, New Brunswick, N.J. do Kent, R. 1. do Hailowell, Me. do America, Tenn. do West Tennessee, Tenn. do Paris, Tenn. do Corning. N.Y. do the South County, R.I. do North America, Connectient. do Kanawha. Virginia. do Elgin, III., 8. S., small circulation. do the Capitol, Indianapolis, Ind., 5. S. do Middleton, Penn. do Watertown, N.Y. do Chester, III. do Elgin, do do Pike County, III. Central Bank, Indianapolis. Ind., S.S. Chemung County Bank, Horse Heads, N. Y., S. Clinton Bank, Columbus, Ohio. City Bank, N. J. Cumberland Savings Institute, Md. Commercial Bank, Columbia, S. c. Citizens' Bank, Tenn. Corn Exchange Bank, III. Charter Oak Bank, Hartford, Conn. Colchester Bank, Conn. Danby Bank, Vt. Dayton Bank. Ohio. Dairyman's Bank, Newport, N. Y. Ellsworth Bank. Maine. Exeter Bank. N. H. Exchange Bank, Pittsburgh, Pa. Exchange Bank, Hartford, Conn. Farmers' Bank of Saratoga Co., N. Y.,s.s. Farmers' and Manufacturer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R.I. Farmers & Mechanics' Bank, Kent county, Md. Farmers and Merchants' Bank, Md. Fairfield County Bank, Norwalk, Ct. Farmers & Mechanics' Bank, Detroit, Mich. Honesdale Bank, Pennsy Ivania. Hollister Bar k, Buffalo, N. Y.,s. S. Hancock Bank, Maine. Hugenot Bank, N.Y. Hopkinton Bank, Westerly, R I. Hamilton Exchange Bank, Hamilton, N. Y. Island City Bank. N. Y. city. Jefferson County Bank. N. Y. Lee Bank, Massachusetts. Mechanics' Banking Association, N. Y., Mount Vernon Bank, Providence, R.I. Maratine Bank, Maine. Monson River Bank, Me. Macomb County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Morgan Bank, Ga. Miami Valley Bank, Ohio. Medina Bank, Medina, N. Y. Munson Bank, Mass. Merchants & Manufacturers' Bank, Pittsburgh, a.P Mercantile Bank, Hartford, Conn. N.Y. Security Bank, N.Y. Nebraska money has been thrown out by St. Louis brokers, excepting the Bank of Florence. Niagara River Bank, Tonawanda, N. Y., reported failed, S. S. Ontario Bank, Utica, N.Y. Ohio Life Trust Company, don't issue notes. Oliver Lee & co. Bank, N. Y.-reported failed, S. s. Ocoee Bank, Tenn. Ontario County Bank, Phelps, N.Y. People's Bank, N. Y. city. reported failed, s. s. Pawcatuck Bank, Pawcatuck, Ct. Port Plain Bank, N. Y.,s.s Reciprocity Bank, Buffalo, N. Y new bank, S. s. Rhode Island Central Eank, R.I. Sanford Bank, Me. Sackett's Harbor Bank, N. Y. South Royalton Bank, Vt. Seneca County Bank, Ohio. Southern Bank, Georgia. Stock Security Bank, Illinois. Tippecanoe Bank, Logansport, Ind. Tiverton Bank, Fall River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N. Y. Warwick Bank, R.I. Wooster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. 8." means secured by state stock. Most of these Banks will pay their circulation in full, and holders of their bills should not submit to e large discounton them.

8. February 4, 1858 Marshall County Democrat Plymouth, IN
Article from Marshall County Democrat, February 4, 1858

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From the Indianapolis Journal. The Indiana Free Banks. Below we publish the statement of the Audito of State in reference to the condition of the Free Banks of Indiana, with the exception of Tippecanoe Bank of Loganspo-t-which is not mentioned in the statement. The bottom has fallen out of this concern. The securities in the Auditor's office have all been sold, and their proceeds applied, with the exception of $1,000 still in the Auditor's hands, to the redemption of the outstanding circulation of the Bank. There appears to have been "something rotten in Denmark "in the ment of the affairs of the Tippecanoe Bank. The Auditor's books showed so much outstanding circulation an securities equal in amount to the circulation with 10 per cent. in excess. There must have been an over issue of notes, or failure to destroy the notes as redeemed. As matters are now, there is more of a circulation out than there are securities to redeem it. The books show nothing wrong on the part of the present managers of the Auditor's office. The error lies deeper, and runs back to past years. There have be en surmises of this state of things for some time, but nothing definitely has been ar rived at until the present time. The $1,000 in the hunds of the Auditor will be applied in predemption as long as it lasts, so the "first come" will be "first served." INDIANA REE BANKS. The following banks have complied with the amended law of 1855, and have securities deposited with the Treasurer of State, at their market value, to an amount not less than fifty thousand dollars, and ten per cent. in excess of their cireulation.